Omaha daily bee., 1887-12-26
THE WEEK IN WALL STREET
Stock Speculation Very Dull in the
Early Part.
BUSINESS GENERALLY MODERATE
The Railroad Bond Market Vibrates
Frequently But Shows Up Firm
A Fair Inquiry For Govern.
ment Securities. t..
stock Speculation DUH.

New York, Dec 25.-[Spccal Telegram
to the BEE. Stock speculation was very
dull during the first part of the week, but
picked up somewhat near the close. Outside
OF "a few movements here ard there business
was confined briefly to room traders, who
shifted from one side to the other With great
frequency, thus giving the market a feyerish
appearance. Except in rare cases the
changes were much smaller than Usual, the
result.of narrow circle Of operators and
limited dealings. The Chicago, Burlington
Il Quincy recorded the greatest fluctuations,
rising Ga per cent, when Chicago bid prices
up and frightened some of the shorts into
covering and losing most of the Improvement
after the demand from the bears had been
supplied. Manhattan dropped q per cent and
afterwards recovered the decline. San Fran
cisco preferred, Peoria, Decatur e. Evans
vile and Columbus & Hooking Valley rose 33s
"a points. The general run of active
stocks did but little either way. But some of
them made net gains, Union Pacific leading
with % per cent. Reading after flood of
strike rumors, closed 4 per cent lower. In
tnal dealings the whole market was strong,
Notwithstanding the cutting of rates among
western roads and the uncertainty us to the
future of the situation of the coal regions.
Some of the professional bears assisted the
traders at intervals in hammering the list,
but their success was not commensurate with
the efforts put forth. The strength displayed
by Union Pacific, Western Union, and Lake
Shore, together with favorable railroad traffic
returns and the belief among the bull frater-
uity in better prices and increased activity to
the new year, had tendency to Offset the
adverse circumstances that occurred from
time to time.
The railroad bond market vibrated fire.
quently, but in the main was firm. Business
generally was quite moderate, although
well distributed, and any approach
to activity was confined to COM
paratively few issues. A number Of
bonds show net gains on the week from to
2 points and all the better class of mortgages
were offered sparngly. The most notable
Equipments which broke 20 points on indicu-
tions that the January interest would be de-
faulted. Chesapeake Il Ohio As and currency
Us continued to attract attention and closed
at an advance of l0l2 per cent on the further
absorption Of both. Columbus & Hooking
Valley tirsts rose 3l6 on the decision in the
Burke suit. Kansas Il Texas bonds and De-
troit, Macknac & Marquette land grants,
after tiuctuating frequently, closed a little
lower, while Texas Pacifcs and
Nickel Plates were firm. There
was a fair inquiry for governments,
chiefly from depository banks, and higher
quotations were made in consequence of the
limited supply offering. There was very
active demand for exchange to close up ac-
counts for the year and also to remit for Jan
uary interests and dividend money due to the
other side. The postal rates were advanced
to A.S319(G4.4 for long and $4S7 for short
sterling AT the end inquiry abated and the
market was little lower.